HSBC Announces $1 Billion Buyback After Profit Growth Misses

HSBC Holdings reported third-quarter earnings that fell short of analyst estimates and announced a $1 billion share buyback program. The bank maintained its financial outlook for the remainder of the year. HSBC's share price declined in Hong Kong trading following the earnings announcement.

• Bloomberg — HSBC Announces $1 Billion Buyback After Profit Growth Misses
• Bloomberg — HSBC Reports Profit Miss, Announces Buyback

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